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Economist says budget for 2013 better than that of 2012

Channels Television  
Updated October 11, 2012

An economist, Katchy Ononuju on Thursday said that next year’s budget as proposed by President Goodluck Jonathan before a joint session of the National Assembly on Wednesday is by far better than that of 2012.

Mr Ononuju, who was a guest on Channels Television’s programme, Sunrise Daily, said: “This is a much better budget as a proposal of intent than the last one we had. In this, we’ve been able to reduce our exposure to recurrent expenditure. We actually brought it down from the former 72 percent to now 68 percent.”

The economist said the reduction of recurrent expenditure will help release more money for capital expenditure. He said those in government need to ‘put something in for those who voted politicians into place.’